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Barchart
Barchart
Mark R. Hake, CFA

Huge Option Volume in SoFi Puts Expiring In Over 2 Years - Are Investors Bearish on SOFI Stock?

SOFI SoFi Technologies Barchart

Investors may be bearish on SoFi Technologies (SOFI), given today's unusual put options volume. Or are they? The puts are deeply "in-the-money" and expire in over 2.3 years. The put sellers get to buy at a deep discount.

SOFI is down today at $16.07 in midday trading on Monday, Sept. 28, well off its recent peak of $19.18 on August 27. It's been on a downtrend since then, as the chart below from Barchart shows.

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